Main Quotes Calendar Forum
flag

FX.co ★ Daily analysis of USD/CHF for May 15, 2018

parent
Forex Analysis:::2018-05-15T13:56:32

Daily analysis of USD/CHF for May 15, 2018

USD/CHF

The USD/CHF pair has not done much this week. Price, however, has been able to rise above the support level at 1.0000, targeting the resistance level at 1.0050 (the first target). Once the first target is breached, another resistance level at 1.0100 would be aimed at 1.0130; and this is something that requires a rise in volatility.

Daily analysis of USD/CHF for May 15, 2018

There is a Bullish Confirmation Pattern in the 4-hour chart, which shows the possibility of further upwards movement. Price would rise again, possibly reaching the resistance level at 1.0050 and breaching it to the upside.

Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...